Why did the framers decide against choosing the president by popular vote?

Popular Vote meant that the each person would directly vote to select a certain President. Since Northern States had more population, the results would always be skewed in the favor

In effect, this would mean that larger and more populous States of the North would most likely determine the outcome of any election.

Explanation: Southern States comprised of large swathes of land and a majority of the population being farmers.

An electoral college is a system devised to ensure that all States in the union have an equal say in the kind of President they want to select.

Hence, when people vote in the election, they don't directly elect a President, instead electing a local representative who then elects a President on their behalf.

This provided, the smaller states with smaller population an equal say in how the national governement would be run.

the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.